Which of the following requires acceptance bythe editor to make it valuable?
Answer Details
Out of the options provided, the one that requires acceptance by the editor to make it valuable is the "Bill of Exchange."
A Bill of Exchange is a written order by the creditor (drawer) to the debtor (drawee) to pay a certain amount of money on a particular date to the creditor or a third party (payee). For the Bill of Exchange to be considered valuable, the drawee must "accept" it, which means agreeing to pay the amount specified on the due date.
Once the drawee accepts the Bill of Exchange, it becomes a legally binding document, and the creditor can use it as proof of debt to obtain financing or to trade it with other parties. Therefore, the acceptance of a Bill of Exchange by the drawee is crucial to its value and effectiveness.